Cheap Apartments for Rent in the Park Place Neighborhood of Norfolk, VA from $400 (5 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Park Place area of Norfolk.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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1220 W 38th St
1 to 2 Bedroom Apartments

1220 W 38th St

1220 W 38th StNorfolk, VA 23508
Senior Living

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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The Broadmoor
1 to 2 Bedroom Apartments

The Broadmoor

918 W Princess Anne RdNorfolk, VA 23507
  • Utilities Included

Park Place, Norfolk, VA Local Guide

Cheapest Available Park Place Apartments for Rent

 

The cheapest available apartment rental in the Park Place area of Norfolk, VA is a 1 Bed unit found at Peanut Factory Flats priced from $1,534. First Colony Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,606. Here are the most affordable Park Place apartments for rent in Norfolk, VA:

Apartment ListingModel NameBed/BathPriced From
Peanut Factory FlatsPeanut Factory Flats 1221BR,1BA$1,534
First Colony FlatsFirst Colony Flats Unit 1121BR,1BA$1,606
The Point on 38th ApartmentsThe Clove1BR,1BA$1,622

Best Value Apartments for Rent in Park Place, VA

As of August 04, 2025 the best value apartment in the Park Place area is the $1.63 price per square foot 308 31st W St Model at 308 31st W St, Unit F in the in the Edgewater neighborhood starting from $1,300. The second greatest value Park Place apartment is the A02 Model at 201 Twenty One starting at $1,760 with a $2.27 price per square foot in the South Brambleton neighborhood. Here is today’s list of the best values for Park Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
308 31st W St, Unit F308 31st W St2BR,1BA$1.63
201 Twenty OneA021BR,1BA$2.27
First Colony FlatsFirst Colony Flats Unit 1121BR,1BA$2.32
Peanut Factory FlatsPeanut Factory Flats 1221BR,1BA$2.33
The Point on 38th ApartmentsThe Clove1BR,1BA$2.62

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Pet Friendly Lifestyle
Park Place, Norfolk, VA

Ranked #86

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Park Place Neighborhood in Norfolk, VA

Walk Score®

88 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

49 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Park Place Apartments

How much is rent for a Cheap One Bedroom Park Place Apartment?

The lowest price for a Cheap One Bedroom Park Place Apartment is $1,534 at Peanut Factory Flats.

What is the lowest price for a Cheap Two Bedroom Park Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Park Place is starting from $1,863 at Peanut Factory Flats.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.